Latest news with #XScom
Zawya
14-07-2025
- Business
- Zawya
XS.com scored a hat-trick of awards & crowned as Most Popular Broker in MENA
the leading global FinTech and financial services provider, solidified its position as a key industry player at the African FinTech Summit by The Trading Show held on July 12–13, 2025, at the Hyatt Regency in Casablanca, Morocco. The multi-asset broker was proudly recognized with three major awards at the summit: Most Popular Broker – MENA, Best Finfluencers Support, and Best Gold Trading Conditions. These accolades reinforce position as a fintech leader across the MENA region and Africa, recognizing its excellence in trading services and digital innovation. They demonstrate the broker's commitment to empowering traders and investors with cutting-edge technology and a service model centered on innovation and client needs. The summit brought together thousands of fintech leaders, investors, and financial experts, fostering an environment of collaboration and forward-thinking strategies. booth was a focal point, highlighting its advanced multi-asset trading platforms, real-time market insights, and innovative fintech solutions designed to elevate the trader experience. Shadi Salloum, Regional Director for commented: " Winning not one, but three awards at this year's African FinTech Summit is a proud moment for our team. It reflects the hard work and creativity of our team, and our ongoing dedication to delivering innovative solutions that empower traders and support financial inclusion across Africa and the MENA region. Our role as Global Sponsor reinforces our commitment to leading fintech transformation in these vital markets." This recognition highlights expanding influence in the region, where innovation, transparency, and trader-centric service remain core to its strategy. By combining localized support, expert education, and institutional-grade infrastructure, continues to build a resilient financial ecosystem that drives growth and confidence. Aicha Fadhel, Managing Director at The Trading Show Company, commented: 'We are thrilled to crown with three major awards at the summit, namely Most Popular Broker – MENA, Best Finfluencers Support, and Best Gold Trading Conditions. These awards stand as a testament to unparalleled efforts to set new benchmarks for quality in online trading'. The multi award winning broker remains focused on empowering traders, institutional investors, and brokers with access to deep institutional liquidity, advanced trading technology, and exceptional customer support. has recently been recognized with a range of awards that have validated its mission to empower traders with the knowledge and tools they need to thrive in the dynamic world of trading. About The XS Group (operating under brand name 'XS' or ' is a Global Multi-Asset Broker providing access to trade a wide range of financial products. Established in Australia in 2010, has grown into a global market leader in the FinTech, financial services and online trading industry with licences in various jurisdictions and offices in different locations around the globe. offers traders, institutional investors and brokers worldwide access to deep institutional liquidity and advanced trading technology, combined with an efficient user experience, high-quality relationship management and excellent customer support. Risk Warning: Our products are traded on margin and carry a high level of risk and it is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved.
Wall Street Journal
08-07-2025
- Business
- Wall Street Journal
Gold Edges Lower Amid Hopes for Possible Trade Agreements
2341 GMT — Gold edges lower in the early Asian session amid hopes for possible trade agreements that could reduce safe-haven allure of precious metal. White House press secretary Leavitt said President Trump would sign an executive order extending the date when his so-called reciprocal tariffs would take effect. Trump, on his Truth Social platform, posted letters to the leaders of Japan, South Korea, Malaysia and others by Monday afternoon, informing them of Aug. 1 date. There seems to be renewed optimism over potential trade deals that could de-escalate the global trade war, says Samer Hasn, senior market analyst at in an email. Spot gold is 0.1% lower at $3,336.39/oz. (
Zawya
07-07-2025
- Business
- Zawya
XS.com leads as global sponsor at African FinTech Summit in Casablanca
the leading global multi-asset broker and fintech innovator, is proud to announce its role as the Global Sponsor of the upcoming African FinTech Summit by The Trading Show, scheduled for July 12-13, 2025, at the Hyatt Regency in Casablanca, Morocco. The event represents one of the most significant gatherings of fintech, trading, and financial innovation leaders across the MENA region and Africa. The African FinTech Summit will bring together top executives, entrepreneurs, investors, and regulators to explore emerging trends, technological advancements, and strategic opportunities shaping the future of finance on the continent. As the Global Sponsor, will play a key role in facilitating knowledge exchange, promoting collaboration, and supporting the growth of Africa's dynamic fintech ecosystem. Shadi Salloum, Regional Director for in the MENA Region, commented: " is excited to support the African FinTech Summit as a Global Sponsor. Africa and the MENA region are witnessing tremendous innovation and growth in financial technology, and we see vast potential for empowering traders and investors through advanced, transparent, and accessible platforms. Our participation underscores our commitment to driving digital transformation and financial inclusion across emerging markets." At the summit, will showcase its cutting-edge multi-asset trading solutions, institutional-grade infrastructure, and tailored services designed to meet the unique needs of traders and investors in the region. Attendees can expect exclusive product demonstrations, expert-led discussions on market dynamics, risk management strategies, and insights into the digital evolution of finance. Aicha Fadhel, Managing Director at The Trading Show Company, commented: 'The success of our first edition of African FinTech Summit, under the distinguished patronage of as Global Sponsor, exceeded all expectations. This second edition reinforces our commitment to Africa's financial ecosystem and Morocco's unique role as a continental gateway. We believe that - As the event's Global Sponsor - will bring its unique expertise to the event's attendees.' This sponsorship aligns with broader strategy to deepen its footprint in emerging markets, particularly in regions that are rapidly adopting fintech innovations. By leveraging its global expertise and local insights, aims to empower a new generation of financial professionals and entrepreneurs to navigate the complexities of global markets with confidence. Beyond showcasing technology, is committed to fostering an inclusive financial ecosystem that supports sustainable economic growth across Africa and the MENA region. Through partnerships, education, and innovation, is dedicated to helping create opportunities that drive financial literacy and investment accessibility. Company Review The XS Group (operating under brand name 'XS' or ' is a Global Multi-Asset Broker providing access to trade a wide range of financial products. Established in Australia in 2010, has grown into a global market leader in the FinTech, financial services and online trading industry with licences in various jurisdictions and offices in different locations around the globe. offers traders, institutional investors and brokers worldwide access to deep institutional liquidity and advanced trading technology, combined with an efficient user experience, high-quality relationship management and excellent customer support. Risk Warning: Our products are traded on margin and carry a high level of risk and it is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved.
Zawya
03-07-2025
- Business
- Zawya
XS.com celebrates official launch of its new office in Kuwait
the global FinTech and financial services provider, has officially launched its brand in Kuwait with the opening of its first office in Kuwait City. This milestone was achieved in strategic partnership with 'NVEST', a subsidiary of 'Construction Group' and 'Al Wataniya Group', both key players in the energy, real estate, and infrastructure sectors. The partnership is represented by Chairman Sheikh Rakan Badr Muhammad Al-Sabah, CEO Eng. Jamal Al-Sabah, and CEO Eng. Tamer Al-Natour. The strategic partnership was announced at a press conference held on Tuesday, July 1, at the Four Seasons Hotel in Kuwait City. The event was attended by high-ranking figures from the honorable Al-Sabah family, leading financial and business experts, and representatives from various print, audio, and visual media outlets. Speakers at the event emphasized the significance of this collaboration in supporting the national economy and strengthening Kuwait's position on the global business and technology map. They highlighted the importance of encouraging strategic initiatives that contribute to sustainable development and economic diversification. The event also included the signing of a strategic partnership agreement between and NVEST, marking the official entry of the global brand into the Kuwaiti market. This strategic move is a major milestone for granting the global multi-asset broker a newly licensed entity in Kuwait under the name 'XS Online'. During the launch ceremony of the global brand in Kuwait, Sheikh Rakan Bader Mohammed Al-Sabah, Chairman of 'Construction Group' and 'Al Wataniya Group', praised the partnership with noting that it stems from a deep belief in the importance of developing the financial investment sector in Kuwait and providing world-class services that meet the trust of investors. In his speech during the launch, Sheikh Rakan Al-Sabah emphasized that achieving financial sustainability through the adoption of modern technologies, such as artificial intelligence, is one of the core pillars of the 'New Kuwait 2035' vision. He further stated that the strategic partnership with supports this national direction. He concluded by stating that the opening of "XS Kuwait" marks the strongest launch for the global XS Group at the regional level, as the company will expand its operations in the Gulf region starting from Kuwait. He also revealed a future plan to open new branches of XS in other major Gulf capitals. For his part, Mr. Mohamad Ibrahim, Group CEO of stated: "This partnership goes beyond an office opening; it's a strategic initiative aimed at deepening our engagement with the Arab region. The Kuwaiti market is vibrant, dynamic, and forward-looking. Our presence here enables us to stay closer to our clients, respond more quickly to market needs, and strengthen our brand across the GCC." From his side, Eng. Jamal Al-Sabah, CEO of NVEST, expressed his satisfaction with the strategic partnership with the globally leading financial services company He confirmed that the Kuwaiti financial market enjoys many attractive advantages that make it an ideal and welcoming environment for international brands. He added that this partnership will serve as a solid foundation for the launch of XS Kuwait's operational activities, which will focus on building a robust regulatory framework, protecting investors and companies, and driving the creation of effective and serious partnerships, especially in the fintech sector, which represents the gateway to the future. The office in Kuwait will serve as a key hub for customer support and market development, reinforcing the group's presence across the GCC. With the growth of fintech in Kuwait and increasing demand for advanced financial services, this expansion reflects long-term commitment to building strong local partnerships and providing tailored experiences for regional investors and traders. continues to set new standards in global financial market trading by delivering an advanced trading environment supported by world-class technology and customer service. The Kuwait office will play a pivotal role in shaping regional strategies, strengthening local partnerships, and amplifying marketing and communication efforts. In recent years, has significantly expanded its footprint in the Middle East and North Africa through strategic partnerships, events, and initiatives. The launch of the Kuwait branch is the latest achievement in this broader regional vision. The multi-regulated global broker remains focused on promoting transparency, education, and trust in financial markets while leveraging cutting-edge technology to help clients navigate increasingly complex global trading conditions. The new office further establishes not only as a leading global broker but also as a committed regional partner, ready to support Kuwait's growing financial ecosystem and contribute meaningfully to the country's fintech landscape. About The XS Group (operating under brand name 'XS' or ' is a Global Multi-Asset Broker providing access to trade a wide range of financial products. Established in Australia in 2010, has grown into a global market leader in the FinTech, financial services and online trading industry with licences in various jurisdictions and offices in different locations around the globe. offers traders, institutional investors and brokers worldwide access to deep institutional liquidity and advanced trading technology, combined with an efficient user experience, high-quality relationship management and excellent customer support. Risk Warning: Our products are traded on margin and carry a high level of risk and it is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved.
Khaleej Times
04-06-2025
- Business
- Khaleej Times
Dubai: Gold prices drop after hitting nearly 4-week high
Gold prices dropped in Dubai on Wednesday morning after hitting a nearly four-week high on Tuesday. The 24-carat variant of the precious metal was trading at Dh404.5 per gram, down from around Dh406 per gram yesterday as it jumped over Dh10 to hit a nearly four-week high. Similarly, 22-carat, 21-carat and 18-carat dropped to Dh374.5, Dh355 and Dh307.75 per gram, respectively. Spot gold was steady at $3,354.59 per ounce, up 0.07 per cent, as traders were jittery about the US-China trade deal. Rania Gule, senior market analyst for Mena at said gold is currently experiencing notable volatility, with prices touching levels near $3,400 per ounce before retreating slightly at the start of trading on Tuesday. 'This pullback does not necessarily reflect a weakening of bullish momentum, but rather a short technical pause in an overall upward trajectory still fuelled by several key factors, most notably escalating trade tensions, geopolitical developments, and potential shifts in US Federal Reserve policy. Gold continues to hold strong appeal as a hedging asset, and the current declines may represent medium-term buying opportunities rather than the start of a downward reversal,' she said. 'The pivotal event sparking fresh market anxiety was former President Donald Trump's announcement of plans to double tariffs on steel and aluminium imports to 50 per cent, a move that has reignited fears of a full-blown trade war with China and potentially other trading partners. "Markets are not only reacting to the numbers but also to the political messaging behind such actions — this is where the real risk lies. The uncertainty surrounding international trade relations is naturally boosting demand for gold as a safe-haven asset, even if prices temporarily dip due to fluctuations in the US dollar," added Gule.
